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On 20 May 2024, a consortium comprising UOL (35%), its subsidiary SingLand (20%), CapitaLand (35%) and Kheng Leong (10%), was awarded the coveted residential government land sale site adjacent to Holland Village, with a top bid of $805.4 million or about $1,285 psf ppr.

The tender attracted three bidders, with the second-highest bid at $765.3 million, or 5.2% below the top bid.

The consortium plans to develop two 40-storey condominium towers accommodating 680 units on the 99-year leasehold land, which spans a total site area of 12,388 sqm.

A joint statement by UOL and CapitaLand said: “We are confident that the site will be a draw for discerning homebuyers, given its excellent location adjacent to the iconic Holland Village, which offers a compelling lifestyle proposition and is popular with both local and expatriate communities.”

Located in the prime District 10 area, the Holland Drive site is about a five-minute walk away from Holland Village MRT station, right next to the newly completed One Holland Village mixed-use development. It is also close to the cluster of Good Class Bungalow areas along North Buona Vista Road and Holland Road. Other nearby amenities include Holland Village Market & Food Centre. Established schools within 1 to 2 km include Nanyang Primary School, Henry Park Primary School and Fairfield Methodist School Primary.